Altus Group Enhances ARGUS Software Through Acquisition of Integrated Real Estate Resources

TORONTO, ONTARIO--(Marketwired - Dec. 1, 2015) - Altus Group Limited ("Altus Group" or "the Company") (TSX:AIF) announced today that it has acquired Integrated Real Estate Resources, Inc. ("INTRER"), a firm providing software implementation, business process improvement and customized solutions globally to the commercial real estate industry. The acquisition of INTRER significantly enhances the Company's application services capabilities of its ARGUS Software ("ARGUS") subsidiary, providing for a one-stop solution for implementing ARGUS' products.

"INTRER's strong reputation and extensive knowledge of ARGUS' suite of products will drive deeper value for our clients who will benefit from a seamless implementation team," said Mike Abramsky, President of ARGUS. "The addition of the INTRER team and its proprietary software tools enhance our application services capabilities, providing more robust technical offerings while strengthening our team with a unique combination of real estate and software expertise."

Founded in 2003, INTRER combines real estate knowledge, technical expertise and proprietary software tools that enable a broad range of software implementation and business optimization solutions. As an ARGUS Software key technical subcontractor for the last five years, INTRER specializes in ARGUS Enterprise consulting, implementation, integration, custom reporting and custom application development. INTRER's team of eight professionals, including its founder and President Mike Goode, will join ARGUS' professional services team to create a differentiated application services offering.

About ARGUS Software Inc.

ARGUS Software^®, a subsidiary of Altus Group Limited, is the leading provider of software and solutions for analyzing and managing the value of real estate investments worldwide. ARGUS Software has a global client base and has been dedicated to providing solutions to the commercial real estate industry for over 30 years. The ARGUS Software portfolio includes industry-standard products, including ARGUS Enterprise^® - the most open and integrated platform for valuation, budgeting and asset management solutions.